The 2020 Mid-Year Economic Update_long

Titan Machinery Sales Down 3.1% in 2Q

Year-to-date sales decreased 6.3 percent year-over-year.

Titan Machinery Inc. (NASDAQ: TITN), Fargo, ND, reported sales for the fiscal second quarter ended July 31 of $167.9 million, a 3.1 percent decrease from the same quarter a year ago. The company reported a loss of $5.2 million, compared to a loss of $2.7 million for the same period the previous year.

Year-to-date sales were $335.8 million, down 6.3 percent from the prior year. The company reported a loss for the first six months of $11.1 million, compared to a loss of $6.6 million the prior year.

 

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